California Fast Food Prices Set to Rise as Wages Increase

California's minimum wage increase to $20 per hour is expected to lead to higher prices for fast food items like burritos and Big Macs, as businesses, including major chains like McDonald's and Chipotle, plan to pass on the increased labor costs to consumers. Fat Brands chairman Andy Wiederhorn stated that with labor costs making up a significant portion of expenses, price hikes are inevitable, and while there are options to promote value, providing a good customer experience ultimately requires additional investment.